Top 10 Equity Holdings

The top 10 companies in which the portfolio invests, measured by a percentage of total investments.

Investment Objective

The Fund seeks to achieve a competitive total return through an actively managed portfolio of stocks, bonds, and money market instruments, which offer income and capital growth opportunity and which satisfy the investment criteria, including financial, sustainability and social responsibility factors.

Investment Strategy

The Fund invests in a combination of stocks, bonds, and money market instruments seeking to provide a complete investment portfolio in a single product. The Fund typically invests about 60% of its net assets in stocks and 40% in bonds or other fixed-income investments. The equity portion of the Fund is primarily a large cap core U.S. domestic portfolio, although the Fund may also invest in foreign stocks and mid-cap stocks. The fixed-income investments are primarily a wide variety of investment-grade debt securities, including corporate, mortgage-backed, and other asset-backed securities. The Fund uses a multi-manager approach that combines complementary equity investment styles with Calvert's in-house, relative-value fixed-income approach. The Advisor monitors the Fund's allocation and may rebalance or reallocate the Fund's assets based on its view of economic and market factors and events. The Fund seeks to invest in companies and other enterprises that demonstrate positive environmental, social and governance performance as they address corporate responsibility and sustainability challenges.

Investment Risk

Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund or the Fund could underperform because of the following risks: the market prices of stocks or bonds held by the Fund may fall; individual investments of the Fund may not perform as expected; and/or the Fund's portfolio management practices may not achieve the desired result. There is a risk that the Advisor may allocate assets to an asset class that that underperforms other asset classes.

Important Disclosure

Holdings are as of the date shown above, may change at any time and are not recommendations to buy or sell any security.

Industry classifications provided by MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed or produced by MSCI.

The 30-Day SEC Yield is a standardized measure of the current market yield on the Fund’s portfolio and is calculated by dividing the net investment income per share earned during the 30-day period by the maximum offering price per share on the last day of the period. For funds that have a contractual fee waiver and/or expense reimbursement in effect, the fund also displays the higher subsidized yield, which accounts for the effect of the waiver and/or reimbursement . The 12-month Distribution Yield takes all the interest payments made by the fund over the last 12 months, and divides it by the sum of (i) the Fund’s NAV on the last day of the period, and (ii) any capital gains distributions that were made during that period. The 30-Day SEC Yield reflects the rate at which the Fund is earning income on its current portfolio of securities, while the 12-month Distribution yield reflects the Fund's past dividends paid to shareholders.

Performance

Select additional indices to display below:

Benchmark Index

Benchmark Index

Checking this box will compare fund performance to that of its benchmark index.

Lipper Category Index

Lipper Category Index

Checking this box will compare fund performance to that of its Lipper Category Index.

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data quoted. Performance assumes the reinvestment of all distributions, and reflects the deduction of fund expenses and applicable fees. Indices reflect no deductions for fees or expenses. An investor cannot invest directly in an index. Returns for periods of less than one year are not annualized.

Standard Deviation is a measure of a fund's risk.
A standard deviation of 1 means a fund can be expected to produce an annual
return that is +/-1% of its average annual return 66% of the time.Alpha is a measure of the difference
between a fund's actual returns and its expected performance, given its level
of risk as measured by beta.Beta is a measure of portfolio risk
relative to the market or benchmark. A portfolio beta of 1.0 indicates a risk
level equal to that of the fund's benchmark.Excess Return is return in excess of the risk-free rate or in excess of a benchmark.R Squared is a statistical measure that
represents the percentage of a fund's movements that can be explained by
movements in its benchmark index.Tracking Error is the difference in the return
earned by a portfolio and the return earned by the benchmark against which the
portfolio is constructed.Information Ratio is a measure of the consistency
of excess return of a mutual fund as compared to its benchmark.Sharpe Ratio is used to measure
risk-adjusted performance. It is calculated by using standard deviation and
return in excess of the benchmark to determine reward per unit of risk.

Important Disclosure

The Fund also shows the Balanced Composite Benchmark (60% Russell 1000 Index; 40% Barclays U.S. Credit Index) because it is more consistent with the Fund's portfolio construction process and represents a more accurate reflection of the Fund's anticipated risk and return patterns.

The top 10 companies in which the portfolio invests, measured by a percentage of total investments.

Credit Quality

Allocation percentages may not add to 100% due to rounding. Negative Cash positions may occur as the result of varying settlement schedules for securities.

Holdings are as of the date shown above, may change at any time and are not recommendations to buy or sell any security.

Industry classifications provided by MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed or produced by MSCI.

Ratings are determined by using S&P, Moody's and Fitch rating services, whose rating categories are reflected above respectively. The letter ratings generally range from AAA (judged to be of the highest quality, with minimal credit risk) to D (the lowest rated class of bonds, typically in default with respect to timely payment of principal or interest). Bonds rated by all three services are assigned the median rating; if a bond is rated by only two agencies, it is assigned the lowest rating; if it is only rated by one agency, it is assigned that rating. Government securities may be rated lower than AAA/Aaa/AAA or may not be rated, and may include foreign government securities. If a bond is not rated by any of the aforementioned rating services, it appears in the "Not Rated" category. Ratings are subject to change.

Profit Investment Management was founded in 1996 and is based in the Washington, D.C. metropolitan area. The firm manages primarily large-cap, U.S. equity portfolios and serves a diverse range of institutional and retail clients. Profit Investment Management pursues a valuation-sensitive, growth investing approach to identify stocks with rapid earnings expansion that may be mispriced relative to their fundamentals.

Fund Expense Ratios

Investment Minimums

Description

Minimum

Minimum Initial Investment
(ClassA)

$2,000

Minimum Initial Investment for IRA
(ClassA)

$1,000

Minimum Subsequent Investment
(ClassA)

$250

Important Disclosure

Calvert has agreed contractually to limit direct net annual operating expenses for Calvert Balanced Portolio through January 31, 2016. Direct net operating expenses will not exceed 0.955% for Class Y shares and 0.72% for Class I shares of the Portfolio. Only the Board of Trustees of the Fund may terminate the Fund's expense limitation before the contractual period expires, upon 60 days' prior notice to shareholders. Under the terms of the contractual expense limitation, operating expenses do not include interest expense, brokerage commissions, extraordinary expenses and taxes.
This limitation does not limit acquired fund fees and expenses that may be incurred by a shareholder.

Morningstar Style Box™

Morningstar Style

A style box is a graphical representation of a mutual fund's characteristics. Together, the
vertical and horizontal axes can be used to classify a mutual fund into one of nine categories.

CSIFX is categorized as: Large Blend

Morningstar Category™

Moderate Allocation

Risk/Return Assessment

Risk/Return Assessment

Demonstrates where the Fund falls
on a risk/return spectrum, relative to other Calvert Funds.
Funds with more conservative objectives and strategies would fall on the left
side of the spectrum, while funds with more aggressive objectives and strategies
would appear on the right.

Compared against all Calvert Funds

For more information on any Calvert fund, please contact Calvert at 800.368.2748 for a free summary prospectus and/or prospectus. An investor should consider the investment objectives, risks, charges, and expenses of an investment carefully before investing. The summary prospectus and prospectus contain this and other information. Read them carefully before you invest or send money.